5 Money Saving Tips for New Moms

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5 Money Saving Tips for New Moms

Becoming a new mom is a very exciting time, with years of caring for and loving your child to look forward to. Despite this, it is also a time when moms worry and become anxious about a variety of different things–one of the biggest worries being money and how they are going to pay for their child to have the best life that they possibly can.

With clothing, toys, food, baby products and transport amongst many other things to pay for, becoming a mother can be a very difficult task financially. Although costs are inevitable, we look below at how new moms can save money, to help them to put what money they do have to better use.

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1. Begin saving as soon as possible.

Pregnancy is often considered to be a time of aches and pains, with struggles coming from having to carry extra weight around you. However, what some people fail to realize is that pregnancy provides mothers with an opportunity to prepare everything for when their child arrives.

A big part of this can be saving money. It is very wise for moms to save during their pregnancy, so that they can be sure that they have some emergency money that they can use for the baby if they need to. As pregnancy provides restrictions as to what a mom can and can’t do, especially further down the line, moms can save the money that they would have used for certain things, putting it to better use when the baby comes along. Once the baby does arrive, you may also be accustomed to spending less money on things you don’t need, which will also help you to have more spare money moving forward.

2. Buy diapers suited to your baby.

Many diaper companies provide guidance on which diapers babies should be wearing at different stages, yet this can often be one of the main reasons as to why buying diapers can be expensive. If you monitor how diapers are working for your baby, you may be able to save a few dollars a week by not having to buy bigger or more expensive alternatives.

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3. Ask family and friends for help.

New moms often feel as though they have to do everything by themselves, and believe that asking for help may seem like they are unable to cope. This is certainly not the case, as your family and friends will almost certainly be there to help you in any way that they can. For family members and friends that have previously had children of their own, it is likely that they will have items that they no longer need, but that you could make good use of.

If you just simply ask them, they may allow you to borrow clothing or other products for your baby — and they may even give them to you for free! This is a great way for you to save money as you may no longer need to buy certain things, but it also proves to you that you have a good support network around you and that you aren’t on your own.

4. Take advantage of free products.

Many companies offer free samples for a variety of products, such as diapers, wipes, baby food, accessories and other products, meaning that you can get your hands on things you need for free. Although it may only be a free product every now and again, it may help you to save a couple of dollars a month and all savings will add up.

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5. Buy gender neutral baby products.

Although it isn’t a quick way to save money in the short term, buying neutral baby products can help you to save money when having any more children in the future. If you were to have a baby boy the first time round, but your second child was a girl, you would usually have to buy completely different things for each of them. However, if you bought neutral clothing and toys for your first child, you would be able to save money when the second child is born, as you will already have the majority of what you need.